Disposing Fixed Assets

Open the Fixed Asset Disposal form and turn off Filter-in-Place.
Select the asset. The fields are populated based on the asset.
Specify the disposal amount.
Specify this information:
Disposal Reason
Select the reason for disposing of the asset:
- Scrap
- Sale
- Customer Loss
Customer

Select the customer who is causing the disposal. This field is only enabled if the disposal reason is customer loss.

Warehouse

Select the warehouse where the item will be located after disposal. This field is only enabled if the disposal reason is sale.

Location

Select the location where the item will be located within the warehouse. This field is only enabled if the disposal reason is sale.

Lot

Select the lot where the item will be located. This field is only enabled if the disposal reason is sale and the item is lot tracked.
Save the record.
When you are ready to post the disposal, select Actions > Disposal Posting to open the Disposal Posting modal form.
Select Display Report Header to include the report headers on the report.
Click Preview to view the report output before printing.
Select Print and click Process to print the output.
Select Commit and click Process to post the disposal.

When you post disposals, these events occur:

Disposal transactions are posted to the Fixed Asset Distribution journal for each distribution.
The status of each processed asset is changed from active to disposed.
The Disposal Date and Amount fields from the disposal record are copied to the asset record.
If applicable, the associated unit is not longer tied to the unit.
If the disposal reason is customer loss, an A/R invoice is generated for the amount of the loss.
If the disposal reason is sale, the associated asset item is moved into inventory to be sold on a sales order.

Fixed Assets Disposal Transaction Report